Where internal models are allowed, the insurer must monitor the model's performance, regularly review and validate its specifications, demonstrate that it remains fit for purpose in changing circumstances against the three tests, notify the supervisor of material changes for review and continued approval, document and validate changes properly, and report information for supervisory review and ongoing approval at the frequency the supervisor sets.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.